Black Friday Deal Black Friday Offer: Get a Lifetime Plan With 70% Discount! See Pricing Only till NOV, 28

USDCHF - Downward trend will continue, Short trade by market price recommended

January 17, 2022 7:41:01 AM by Alex Zarevich
Forecast Details
PairUSDCHF
Direction Sell
StatusClosed (0.9145)
7:37
7:37
Jan. 17, 2022

-75 p
0.9220
Stop Loss
0.9145
Entry
+70 p
0.9075
Target 1
+100 p
0.9045
Target 2
Chart & Analyst Comments
main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. There is an increase in the number of bulls on the upward movement, followed by correction. We consider this movement as a trap for buyers and look forward for a continuation of the downtrend.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. MVP line is above the price and acts as a resistance level.
  5. The first target is at the level of the previous bottom - 0.9075, and the second one, in case of an active price decrease, is at the level - 0.9045
  6. Visually assessing the ratio of buyers and sellers, we see that retail buyers dominate on the market. This fact favors the Short Orders.
    index: 1x 0.034455060958862s
t_/pages/forecast: 1x 0.0311598777771s
t_/common/header-new: 1x 0.019490957260132s
t_/common/head: 1x 0.015783071517944s
t_/common/footer-new: 1x 0.0024199485778809s
router_page: 1x 0.0014970302581787s
router: 1x 0.00072598457336426s
t_/popups/on-download: 1x 0.00050902366638184s
service-routes: 1x 0.00030398368835449s
router_redirection: 1x 0.00013399124145508s
t_/popups/zoom: 1x 2.8848648071289E-5s
----- END OF DUMP (2022-11-26 18:56:11)  -----